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Origin ECN Review

AN OVERVIEW OF Origin ECN

 

Finding a reputable Origin ECN review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth review regarding Origin ECN to help you make an informed decision before opening your account or trading on their platform.

 

 

INTRODUCTION

Origin ECN is a forex broker company in Australia.

A Forex broker like Origin ECN provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies.

Forex broker services can also be provided for institutional clients and large companies such as investment banks.

 

HISTORY AND HEADQUARTERS OF ORIGIN ECN

Origin ECN was one of the first authorised Forex companies in Australia and they have constantly maintained an extremely respectable regulatory record while performing stable and trusted operations.

Each year the broker acquiesces audit reports that confirm their client’s trading account is a 100% separated from the company one, while funds are kept by top-tier banks and professional liability is provided as per requirement. In case the broker has any issues, the indemnity will reimburse the insurance to the clients.

 

AWARDS AND RECOGNITION

In the world of forex broker companies being honoured with awards from esteemed organisations or publications, count much for the company’s reputation. Such awards are usually mentioned with pride on the company website.

Although Origin ECN is rated highly by some customers in personal reviews on review websites, there is no information available on the Origin ECN homepage or elsewhere about any awards received by them.

 

ORIGIN ECN ACCOUNTS

A forex account is a trading account held by a trader with a company like Origin ECN, which is issued with the primary purpose of trading through its platforms.

Usually, the number and type of accounts that a trader can open with a broker company differs according to the country in which the brokerage operates, the country of residence of the trader and the regulation authorities under whose jurisdiction it operates.

Accounts usually differ in the way spreads or commissions are applied, what minimum deposit is needed to open that type of account and certain services or advantages that account holders may get access to.

In the case of Muslim customers, special Islamic accounts, which is swap free accounts, are offered that mirror the other account types, but which operate in accordance with Shariah law.

 

TYPES OF ACCOUNTS AND ITS FEATURES

Origin ECN offers the following account types:

Standard Account

  • Minimum deposit of $200.
  • Floating spreads ranged from 2.2-2.8 pips.

VIP Account

  • Minimum deposit of $500.
  • More competitive spread of 1.2-1.8 pips.

ECN Account

  • This is a pure ECN model option.
  • Interbank spreads from 0.0 pips.
  • Minimum deposit of $1000.

Islamic Account

Origin ECN offers Muslim traders who follow the Sharia law with the option of an Islamic Account.

It is unclear whether it is merely an option where traders can convert their live trading account to an Islamic Account, or whether it is a standalone account with a separate application procedure.

The Origin ECN Islamic Account offers traders with the following features:

  • A minimum deposit requirement of $200 after which the account will be activated.
  • Spreads which start from 0.0 pips depending on the financial instrument, time of day, and several other factors.
  • Direct execution on trades through the STP model.
  • Zero interest charged on contracts which are held for longer than 24-hours with a consistent zero-rollover interest.
  • Zero additional rollover commissions when contracts are held for longer than 24-hours.
  • Traders are provided with 5-digit spreads.
  • Traders can trade both mini and microlots.
  • Traders are offered with access to Expert Advisors, or EAs, which allow for automated trading.

 

DEPOSITS AND WITHDRAWALS

Origin ECN only has one method that can be used for deposits and withdrawals and that is by Bank Wire Transfer.

There are no charges when depositing with Origin ECN, but there are charges for withdrawal fees if withdrawals are below $200 which will then incur charges of $20, but other financial institutions costs could also apply.  The currency used for deposits is USD/ AUD/ EUR.

 

COST AND FEES, COMMISSIONS AND SPREADS

Cost of trading depends on several factors like commissions, spread and margins.

The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.

The amount of money required in your account to open a positionis called the margin and is calculated according to the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your account.

Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.

Execution-only brokers, who do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions.

While contract for differences (CFDs) trading is a form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, its trading on shares will incur commission. CFD trades on other markets has no commission but do wrap a spread around the market price of a certain instrument.

Spreads:

With Origin ECN, there are variable spreads that differ depending on trade plus what account the trader has with the broker. Spreads start from 0.0 pips.

Deposit and withdrawal fees:

There are withdrawal fees if withdrawals are below $200 which will then incur charges of $20.

Inactivity fees:

There are no inactivity fees.

 

LEVERAGE

Leveraged product trading magnifies a trader’s potential profit – but of course also increase the potential loss. This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade, is called leverage.

The amount of leverage is expressed as a ratio, for instance 50:1, 100:1, or 500:1. If a trader has $1000 in a trading account and is trading ticket sizes of 100000 USD/JPY, that leverage will equate 100:1.

Traders should always keep in mind that, although a high leverage offered may be a plus point for the brokerage but trading at such a high leverage should only be attempted by experienced traders that know how to prevent big losses.

Origin ECN allows its traders to use a maximum leverage ratio of up to 1:400.

 

BONUSES

Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus.

The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts givingsome expenses back to the trader once the person has proved himself as an active trader.

Hence, although no deposit bonuses are a fantastic way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile.

The European Securities and Markets Authority (ESMA) has also recently placed investor protection measures on the marketing, distribution, or sale of CFDs whichprevent brokers to provide the retail client with a payment, monetary or excluded non-monetary benefit in relation to the marketing, distribution, or sale of a CFD, thus ruling out the offering of such bonuses.

According to the company website and other sources Origin ECN does not currently have any promotions or bonuses on offer.

 

TRADING PLATFORMS, SOFTWARE, AND ITS FEATURES

The forex trading software, also called the platform, provided by a broker company to its clients to carry out their trades can be a multi-asset one that allows clients to trade forex as well as other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.

Some companies provide an own proprietary platform, which may benefit traders due to specific characteristics developed by specialists employed by the broker, while others prefer to provide the better-known platforms that were tried and tested through time. If there is a choice, the trader should keep in mind what he would like to trade and find the platform that suits his needs best.

Origin ECN offers their clients the MetaTrader 4 platform.

 

MARKETS, PRODUCTS, AND INSTRUMENTS

Most brokers offer all or some of the following market instruments for trading:

Forex:

Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies and financial institutions exchange currencies for one another at floating rates.

Commodities:

As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.

Indices:

Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes which measures the value of a specific section of a stock market.

Precious metals:

This involves the trading of gold, silver and other precious metals as hard commodities that are contract-based tradable.

Energy:

The high volatility of energy prices due to political, environmental and several other factors, is a typical feature of this product, making it a popular trading choice.

Cryptocurrencies:

Tradable cryptocurrencies include the following:

Bitcoin (BTC)is the digital currency with the largest market capitalisation and price levels and dominates 50% of the total crypto market cap.

Litecoin (LTC) is like Bitcoin but differs in terms of scalability.

Ethereum (ETH) is the second largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

Ripple (RPL) is popular among big banks with the Ripple network a next generation real-time gross settlement system.

Bitcoin Cash (BCH) was created as an updated version of the blockchain with different rules.

Origin ECN offers the following assets:

  • Forex
  • Indices
  • Commodities
  • Precious Metals
  • Shares

 

 

SAFETY AND REGULATION

Before deciding to join a brokeragecompany to start trading, a potential trader needs to establish whether a broker like Origin ECN is safe and secure to trade with. One of the most reliablebenchmarks to measure the safety of a brokerage is to establish which regulating authorities are watching and overseeing its actions and whether the company complies with those regulations.

In general, a so-called “offshore” broker tends to have a less favourable reputation and potential traders should think carefully before investing with them.

Secondly, the safety or clients’ funds should be guaranteed and in the case of the company defaulting or going bankrupts, a safety net of some sorts would come in handy to prevent customers of taking more losses.

Origin ECN is a product name of Origin Markets which has a holding license of the ASIC, Australian authority that supervises their financial services firms. ASIC is one of the utmost authoritative regulators in the financial world which delivers assurance to the clients, by safeguarding the highest level of computability, risk management and utmost security on all levels.

Origin ECN was also one of the first authorised Forex companies in Australia and they have constantly maintained an extremely respectable regulatory record while performing stable and trusted operations.

 

CUSTOMER SUPPORT

Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. The ease with which such support teams can be contacted, may also play a role when choosing a broker.

The customer support team of Origin ECN can be reached via telephone, live chat and email and they are available 24 hours per day, five days per week.

 

EDUCATION AND TRAINING

Before starting to trade, potential Origin ECN clients should arm themselves with all information and trading skills needed to be successful in the world of forex and commodity trading. If Origin ECN’s website itself does not provide enough means, a trader should explore other informative sources to obtain that skills and knowledge.

Origin ECN does offer a variety of educational tools for their clients.

 

RESEARCH

Potential traders need to be enabled to do as much as research about speculative trading before commencing to do it and while trading with a specific brokerage.

Trading successfully relies heavily on knowledge and understanding of the markets and the platforms offered by a broker, therefore research options offered by brokers form an integral part of its features when choosing the right company to trade with.

Origin ECN offers research options that are available on the MetaTrader 4 platform.

 

SUMMARY

In conclusion Origin ECN is the consistent choice that conveys a conventional access to the market along with interbank quotes throughout the developed software and range of trading instruments.

The strict regulation and authorisation by ASIC (Australia) confirm this broker’s status and ensures their client’s protection.  Newcomers can also join this broker with only a minimum deposit of $200.  Alternately they have the option to learn and begin with a demo account.

The education, market analysis and regular updates that MetaTrader 4 supports traders at whatever stage they are in regarding trading.  Experienced and skilled traders will also have a lot of possibilities for trading with adequate support from Origin ECN. Overall, the broker can be an excellent choice in trading as they have a popular trading platform and strict regulators.

 

DISCLAIMER

Origin ECN warns potential traders that Forex and CFDs trading always carries a prominent level of risk, therefore may not be suitable for all investors.

Before clients decide to trade the products offered by Origin ECN, they are advised to contemplate their investment objectives, financial situation, needs and level of experience carefully before investing money that they cannot afford to lose.

Especially when traders use Origin ECN ’s leveraged accounts, they should make sure to maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin and using a higher than necessary leverage can be either beneficial or detrimental to a trader. It is always possible to sustain a loss of some or all an initial investment.

While Origin ECN promises to make all efforts to fill a trade at the requested price, trading on-line does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.

Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor.

 

ORIGIN ECN AT A GLANCE

Broker’s Name Origin ECN
Headquartered Australia
Year Founded 2004
Regulating Authorities ASIC
Countries not accepted for trade USA
Islamic Account (Swap Free) Yes
Demo Account Yes
Institutional Accounts Yes
Managed Accounts Yes
Maximum Leverage 1:400
Minimum Deposit $200
Deposit Options Bank wire transfer
Withdrawal Options Bank wire transfer
Platform Types MetaTrader 4
OS Compatibility Web browsers, Windows, Linux, MacOS, Android, iOS
Tradable Assets ·        Forex

·        Indices

·        Commodities

·        Precious Metals

·        Shares

Customer Support Languages English, multiple languages
Customer Service Hours 24/5

 

FAQ

 

TRADING ENVIRONMENT

How many instruments can I trade with Origin ECN?

You can trade the following financial instruments:

  • Forex
  • Indices
  • Commodities
  • Precious Metals
  • Shares

Which platforms are supported by Origin ECN?

MetaTrader 4.

Does Origin ECN offer leverage?

Yes, Origin ECN has a maximum of 1:400.

What spreads can I expect with Origin ECN?

You can expect spreads which start from 0.0 pips depending on what account you choose. The Islamic account, however, seems to have the same spreads depending on the financial instrument and several other factors.

Does Origin ECN charge commission?

It is unclear whether Origin ECN does charge commission.  It is unclear whether Islamic account holders are subjected to the same commission charges. Traders must verify this information with the broker as it is not stated on the website.

Are there additional charges on the Islamic account?

Not that can be seen on Origin ECN website.  Traders must verify this information with the broker as it is not stated on the website.

Is Origin ECN regulated?

Yes. Origin ECN is regulated by the ASIC.

Is Origin ECN a recommended forex trading broker for experts and beginners?

Yes. Origin ECN caters for both beginners and experts.

What is the overall rating out of 10 for Origin ECN?

3/10.

 

ACCOUNTS

What is the difference between a demo and live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

Does Origin ECN offer a demo account?

Yes, Origin ECN offers a demo account.

For how long is the demo account valid?

The demo account is valid for 30 days.

Does Origin ECN offer the option of an Islamic Account?

Yes, Origin ECN does offer the option of an Islamic Account for their Muslim traders.

Which live trading accounts does Origin ECN offer?

The Standard Account

  • Minimum deposit of $200
  • Floating spreads ranged from 2.2-2.8 pips.

The VIP Account

  • Minimum deposit of $500
  • More competitive spread of 1.2-1.8 pips

The ECN Account

  • This is a pure ECN model option
  • Interbank spreads from 0.0 pips
  • Minimum deposit of $1000

What are the available deposit currencies for a live trading account?

  • USD
  • EUR
  • AUD

 

DEPOSITS AND WITHDRAWALS

What is the minimum deposit for Origin ECN?

Origin ECN has a minimum deposit of $200.

How do I make a deposit and withdrawal with Origin ECN?

Bank wire transfer.

Does Origin ECN charge withdrawal fees?

Origin ECN charges withdrawal fees if withdrawals are below $200 which will then incur charges of $20, but other financial institutions costs could also apply.

How long does it take to make a withdrawal?

This will depend on the payment method used. It can take between 30 minutes up to a few working days.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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